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August 20, 2007

Diligent secures $10.5 million in series D funding

Framingham-based data protection company Diligent Technologies Corp. has completed $10.5 million in Series D funding, the company said.

Diligent has now raised $46.5 million to date, which will be used for further research and development and to hire more sales, support and engineering staff.

Newton-based Eastward Capital is the newest investor in the company, joining existing investors Matrix, Accel and Gemini, the company said.

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